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Armand Assante Net Worth

Armand Assante Net Worth – A Closer Look at the Actor’s Financial Journey

Armand Assante, a renowned American actor and producer, has an estimated net worth of $2 million. However, despite his successful career spanning several decades, Assante has faced financial challenges in recent years. In 2011, he filed for bankruptcy, and in 2014, he experienced the foreclosure of one of his properties. Let’s delve into the details of Armand Assante’s net worth and the factors that contributed to his financial difficulties.

Early Life and Career

Armand Assante, born Armand Anthony Assante, Jr. on October 4, 1949, in New York City, had a passion for acting from a young age. He attended Cornwall Central High School and later graduated from the American Academy of Dramatic Arts in 1969. Assante made his film debut in 1974’s “The Lords of Flatbush” and went on to build an impressive acting portfolio.

Throughout his career, Armand Assante has appeared in over 140 films and television shows. Some notable highlights include his Emmy-winning portrayal of mobster John Gotti in the TV movie “Gotti” (1996), his role as Dr. Michael Powers on the soap opera “The Doctors” (1975–1976), and his character Sal Dash on the drama series “The Family Business” (2018–2019).

Assante’s filmography also includes critically acclaimed movies such as “Prophecy” (1979), “Private Benjamin” (1980), “I, the Jury” (1982), “Q&A” (1990), “Judge Dredd” (1995), and “American Gangster” (2007). He has showcased his versatility as an actor by taking on roles in various genres, from drama to crime and from action to romance.

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Aside from his acting career, Armand Assante ventured into entrepreneurship with the launch of Ora Vivo Cigars, a premium cigar brand, in 2013. He has also been honored with a star on Toronto’s Italian Walk of Fame in recognition of his contributions to the entertainment industry.

The Financial Challenges

Despite his success, Armand Assante has faced financial hardships in recent years. In 2011, he filed for Chapter 11 bankruptcy protection in an attempt to prevent the foreclosure of his 222-acre horse farm in Orange County, New York. His income took a significant hit following the September 11 terrorist attacks and subsequent economic shocks, leading to financial strain.

One of the contributing factors to Assante’s financial difficulties was a refinancing decision advised by his accountants in 2005. In an effort to improve his financial situation, he refinanced his mortgage on the farm estate, resulting in higher monthly payments. Combined with spousal support payments to his ex-wife, Armand owed a substantial amount each month.

Despite his efforts to resolve the financial challenges, Assante’s horse farm ultimately went up for auction in 2014 due to foreclosure. The property, valued at $3.5 million, did not remain fully intact, as he had to sell off some of the lots. However, Assante was able to retain one of the three plots, which included the home he had built with his father.

Awards and Recognition

Armand Assante’s talents have been acknowledged through numerous awards and nominations. He won a Primetime Emmy Award for his performance in “Gotti” (1996) and received an additional Emmy nomination for “Jack the Ripper” (1989). Assante has also received four Golden Globe nominations for his work in various categories.

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Throughout his career, he has earned accolades from different award organizations, including Screen Actors Guild Awards, Action on Film Awards, and Westchester Film Festival. Assante’s contributions to the film industry have been widely recognized, highlighting his remarkable talent and dedication.

Personal Life

Armand Assante was previously married to Karen McArn, with whom he has two daughters, Alessandra and Anya. The couple divorced in 1994, and as part of the settlement, Assante agreed to provide monthly spousal support until Karen turned 59.5 years old.

In 2012, Karen Assante sued Armand, claiming he owed her $1.8 million in matrimonial support. The financial obligations from the divorce settlement added to Assante’s financial burdens.


Armand Assante’s net worth of $2 million reflects his successful acting career and entrepreneurial endeavors. However, he has faced significant financial challenges, including bankruptcy and property foreclosure. Despite these setbacks, Assante continues to contribute to the entertainment industry and remains dedicated to his craft.


Q: What is Armand Assante’s net worth?

A: Armand Assante’s net worth is approximately $2 million.

Q: Has Armand Assante won any awards?

A: Yes, Armand Assante has won a Primetime Emmy Award for his performance in “Gotti” and has received several nominations, including Golden Globe nominations.

Q: What led to Armand Assante’s financial difficulties?

A: Armand Assante’s financial difficulties stemmed from a decrease in income following the September 11 terrorist attacks, high monthly payments due to refinancing decisions, and spousal support obligations.

Final Thought

Armand Assante’s journey in the entertainment industry has been remarkable, with his talent and versatility shining through in various roles. While he has faced financial challenges, his resilience and dedication to his craft have allowed him to persevere. As an actor and entrepreneur, Assante continues to contribute to the world of entertainment, leaving a lasting legacy.

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